FIFA files criminal complaint against ex-president Blatter

The world football governing body, FIFA, has filed a criminal complaint against its former president, Sepp Blatter, over the mismanagement of the finances of its museum in Zurich.

According to FIFA, funds which should have been channelled into the development of football were used in refurbishing a building it doesn’t own.

INTERESTED IN CURRENCY CONVERSION RATES? CHECK OUT ABOKIFX EXCHANGE RATE TODAY IN NIGERIA TODAY!

“The complaint includes the entire project costs at CHF 500 million ($564.59 million), and identifies that the previous FIFA administration poured CHF 140 million into renovating and refurbishing a building that the organization doesn’t own, while also locking itself into a long-term rental agreement on unfavourable terms when compared to standard market rates, which, in total, will cost FIFA CHF 360 million by the date of expiration in 2045,” FIFA said in a statement.

“That is half a billion Swiss Francs that could and should have been channelled into the development of global football.”

GET DOLLAR TO NAIRA EXCHANGE RATE ON ABOKI FX

Blatter’s lawyer, Lorenz Erni said that the accusations, are “baseless and are vehemently repudiated”.

It will be recalled that Blatter presided over FIFA for 17 years before he was banned due to criminal proceedings against him in 2015.

VISIT ABOKIFX FOR DOLLAR TO NAIRA EXCHANGE RATE